US indices are headed for the 4th consecutive session of gains, as Vix dips
back below 15 and Russell 2000 tops the 200-day MA. Industrials and Materials
sectors are leading the charge, while defensive Utilities and Healthcare names
lag with a more modest rally. CMI, WHR, and AN are the leaders in the
S&P500, rising over 6% on strong earnings announcements. KSS, COH, and HOT
are off by 5-6% after their Q3 results. GD, NOC, and CAT are also notable
gainers in Industrials, up over 2.5%. MRK and LLY are down 1.5% and 2.4% in
healthcare, while AMGN is up over 5.5%.

Energy: WTI Dec crude oil $81.38; Crude is up about $1, rising after two
straight declining sessions. Traders bought the dip following overnight losses
on reduced price forecast from Goldman Sachs and ample supply reports from the
Middle East. API and DOE release their weekly inventories data Tues after close
and on Wednesday with expectations pointing to another large build.

Metals:
- Spot Gold $1,228/oz; Gold rose as high as $1,236 - the highest level since
Oct 23rd - after disappointing US durables data briefly sent USD lower.
- Spot Silver $17.19/oz; Silver also spiked on the release of US durables,
reaching a 1-week high of $17.40 before erasing all of those gains in afternoon
trade.
- Dec Copper $3.09/lb; Copper up for the 4th day, testing 2-week highs around
$3.10.